Does the Average Equity Investor Beat the Market?

Dalbar's Quantitative Analysis of Investor Behavior compared average annual returns for the following:

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Average annual returns Jan. 1, 2005 to Dec. 31, 2024. Inflation data taken from the U.S. Bureau of Labor Statistics. One-year U.S. Treasurys represented by the returns for the ICE BofA 1-Year US Treasury Note Index.

Chart: Investopedia/Peter GrattonSource: Dalbar